58-story skyscraper downtown will have one office tenant -- and you know who
If you were worried that Amazon didn't have enough of a presence downtown, fear not: they're getting new, high-profile digs soon.
Wright Runstad and Co., the developer behind the Rainier Square skyscraper project in downtown Seattle, announced that the online retailer would take all of the 722,000 square feet of office space in the 58-story building.
The new building will also include 200 luxury apartments and nearly 80,000 square feet of retail space above a seven-level underground parking structure. It will house an Equinox fitness club and 20,000 square-foot organic food market, according to a release from the developer.
All told, the Rainier Square project, which includes the existing Rainier Tower, will take up an entire city block.
Wright Runstad also announced a partnership with J.P. Morgan, which will advise the project after overseeing a $570 million investment from an undisclosed client, a "top tier U.S. pension fund."
Demolition at the site -- between Fourth and Fifth avenues and University and Union streets -- has already begun. Excavation will continue until mid-2018, and the tower is expected to be completed in summer 2020.
Currently, Amazon has a 33-building campus spanning 8.1 million square feet of Seattle office space, making it by far the city's biggest commercial tenant.
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